SOUTH FLORIDA PROGRESS FOUNDATION INC

EIN: 596216592 501(c)(3)

MIAMI, FL

Total Revenue
$208,547
Total Expenses
$213,096
Total Assets
$157,537
Net Assets
$153,241
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
FL
Principal Officer
ALFRED SANCHEZ
Phone
3053507700
Tax Period
2023-07-01 to 2024-06-30

SOUTH FLORIDA PROGRESS FOUNDATION INC, founded in 1968, is a small nonprofit that reported $209K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

THE FOUNDATION WORKS TO LEVERAGE ITS RELATIONSHIP WITH SOUTH FLORIDA PROFESSIONALS AND CIVIC LEADERS TO IDENTIFY TOP ISSUES, PRIORITIZE THEM THROUGH CONSENSUS, AND THEN DEVELOP AND IMPLEMENT SOLUTIONSTHROUGH PROGRAMMATIC ACTIVITY, ALL FUNDED BY MEMBER DONATIONS, ENDOWMENTS AND GRANTS. THROUGH STRATEGIC PARTNERSHIPS WITH LOCAL ORGANIZATIONS COMMITTED TO THE BETTERMENT OF SOUTH FLORIDA, THE EFFECTIVENESS OF AND NEED FOR THE FOUNDATION'S VARIOUS INITIATIVES ARE REVIEWED AND PRIORITIZED ANNUALLY. THESE INITIATIVES INCLUDE:1. SOUTH FLORIDA QUALITY OF LIFE ISSUES:O EDUCATIONO TRANSPORTATIONO EXPANSION AND ENHANCEMENT OF CULTURAL OFFERINGSO ENVIRONMENTAL ISSUESO HURRICANE PREPAREDNESS AND RECOVERY2. DIVERSITY ISSUES3. COLLEGE SCHOLARSHIPS FOR STUDENTS INTERESTED IN PURSING CAREERS INBUSINESS, LAW OR GOVERNMENT

Program Service Accomplishments

Program 1
Expenses: $5,990

LEADERSHIP MIAMI GENERAL FUND - FUND FOR ALL PROGRAMMING ASSOCIATED WITH LEADERSHIP MIAMI PROGRAMMING. TEAMS ARE FORMED FROM THE PARTICIPANTS WHERE EACH TEAM SELECTS A PROJECT THATBENEFITS THE...

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LEADERSHIP MIAMI GENERAL FUND - FUND FOR ALL PROGRAMMING ASSOCIATED WITH LEADERSHIP MIAMI PROGRAMMING. TEAMS ARE FORMED FROM THE PARTICIPANTS WHERE EACH TEAM SELECTS A PROJECT THATBENEFITS THE COMMUNITY.

Program 2
Expenses: $165,365

UNRESTRICTED FUND - SUPPORTS HIGH QUALITY EDUCATION FOR ALL. THIS INCLUDES DEVELOPMENT OF TALENT AND RETENTION OF TALENT IN SOUTH FLORIDA. THE COMMITTEE SEEKS TO BUILD RELATIONSHIPS WITH...

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UNRESTRICTED FUND - SUPPORTS HIGH QUALITY EDUCATION FOR ALL. THIS INCLUDES DEVELOPMENT OF TALENT AND RETENTION OF TALENT IN SOUTH FLORIDA. THE COMMITTEE SEEKS TO BUILD RELATIONSHIPS WITH PROFESSIONALS AND BUSINESSES IN ORDER TO ADVOCATE, AND SEEK FUNDING FOR EDUCATION CAUSES, AS WELL AS SEEKING TO IMPLEMENT THESE CAUSES TO BENEFIT THE ECONOMIC DEVELOPMENT OF OUR EVER-EVOLVING COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $188,939
Program Service Revenue $0
Investment Income $21
Other Revenue $19,587
TOTAL REVENUE $208,547

Expense Breakdown

Grants Paid $5,990
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $171,355
Other Expenses $207,106
TOTAL EXPENSES $213,096

Year-over-Year Comparison

2023 2022 Change
Revenue $208,547 $290,020 -0.3%
Expenses $213,096 $264,742 -0.2%
Net Income $-4,549 $25,278 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$377,325
Total Directors
7
$377,325
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALFRED SANCHEZ PRESIDENT 5.00
Officer Director
$0 $40,950 $377,325
ALBERT LOPEZ TREASURER 5.00
Officer Director
$0 $0 $0
ASHAKI BRONSON-MARCELLUS SECRETARY 5.00
Officer Director
$0 $0 $0
WILLIAM C DIAZ-ROUSSELOT MEMBER 1.00
Director
$0 $0 $0
FELIPE BASULTO MEMBER 1.00
Director
$0 $0 $0
DENNIS CORAL MEMBER 5.00
Officer Director
$0 $0 $0
LUCY NUNEZ VICE CHAIRMAN 5.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $208,547 $213,096 $157,537 $-4,549
2023 $290,020 $264,742 $221,603 $25,278
2022 $219,622 $202,811 $186,609 $16,811
2019 $311,284 $329,487 $151,557 $-18,203
2018 $221,749 $223,193 $94,579 $-1,444
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